Amazon.com (NASDAQ: AMZN), along with many of its tech peers, spent much of last year battling investor anxiety over the scale of its artificial intelligence (AI) spending plans. Those fears intensified following last month’s earnings report when management outlined a capital expenditure forecast of roughly $200 billion for 2026.
Given that figure represented a staggering 50% increase from the prior year, investors were understandably rattled about the cost of building massive AI infrastructure and how it could impact margins.
